Incoterms rules

E302885

Incoterms rules are internationally recognized trade terms that define the responsibilities of buyers and sellers for the delivery of goods in international and domestic sales contracts.

All labels observed (6)

Label Occurrences
Incoterms 2
Incoterms rules canonical 2
Incoterms 2000 1

How this entity was disambiguated

Statements (70)

Predicate Object
instanceOf contractual framework
international commercial term system
trade term standard
abbreviation Incoterms rules self-linksurface differs
surface form: Incoterms
appliedBy carriers
courts
freight forwarders
lawyers
traders
classification any-mode transport terms
sea and inland waterway transport terms
coreConcept allocation of insurance costs
allocation of transport costs
delivery point
division of responsibilities
definedBy International Chamber of Commerce
defines cost allocation between buyer and seller
delivery obligations
obligations for delivery documentation
obligations for export customs clearance
obligations for import customs clearance
obligations for insurance arrangements
obligations for transport arrangements
responsibilities of buyers
responsibilities of sellers
risk transfer point
fullName Incoterms rules self-linksurface differs
surface form: International Commercial Terms
governs domestic sale of goods contracts
international sale of goods contracts
includesTerm CFR
CIF
CIP
CPT
DAP
DDP
DPU
EXW
FAS
FCA
FOB
introduced 1936
jurisdiction global
language multilingual
legalStatus voluntary standard
notRegulating breach of contract consequences
payment terms
price of goods
transfer of ownership of goods
previousVersion Incoterms rules self-linksurface differs
surface form: Incoterms 2000

Incoterms rules self-linksurface differs
surface form: Incoterms 2010
publisher International Chamber of Commerce
purpose to allocate risks and costs between buyer and seller
to provide a common set of rules for the interpretation of trade terms
to reduce misunderstandings in international trade
scope cost allocation
delivery of goods
risk transfer
updatedIn 1953
1967
1976
1980
1990
2000
2010
2020
usedIn domestic trade
international trade
sales contracts
shipping documents
version Incoterms rules self-linksurface differs
surface form: Incoterms 2020

How these facts were elicited

Referenced by (8)

Full triples — surface form annotated when it differs from this entity's canonical label.

ICC publishes Incoterms rules
subject surface form: International Chamber of Commerce
Incoterms rules fullName Incoterms rules self-linksurface differs
this entity surface form: International Commercial Terms
Incoterms rules abbreviation Incoterms rules self-linksurface differs
this entity surface form: Incoterms
Incoterms rules version Incoterms rules self-linksurface differs
this entity surface form: Incoterms 2020
Incoterms rules previousVersion Incoterms rules self-linksurface differs
this entity surface form: Incoterms 2010
Incoterms rules previousVersion Incoterms rules self-linksurface differs
this entity surface form: Incoterms 2000
Uniform Customs and Practice for Documentary Credits relatedTo Incoterms rules
this entity surface form: Incoterms